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$4,106 (target)

23030 Enchanted Landing Ln, Katy, TX 77494

3 beds • 2 baths • 2640 sqft

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This property looks like a bad Mid-Term investment with a projected -7.48% first-year return on $118k initial cash invested.

-7.48%

Cash On Cash

4.45%

Cap Rate

0.76

DSCR

$4,106

Rent

-$737

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,106 income − $4,843 expenses = $737 out of pocket

Income$4,106Out of Pocket$737Mortgage P&I$2,34557%Property Taxes$80620%Insurance$1674%HOA$1293%Management$49312%CapEx$1644%Vacancy$1233%Maintenance$1644%Other$45211%

Investment Breakdown

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Purchase Price

$478k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,500

Closing costs

1%

$4,775

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,106

Total Expenses

$4,843

Mortgage P&I

57%

$2,345

Property Taxes

20%

$806

Home Insurance

4%

$167

HOA

3%

$129

Property Management

12%

$493

CapEx

4%

$164

Vacancy

3%

$123

Maintenance

4%

$164

Other

11%

$452

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